An investigation for investors in Amdocs Limited (NASDAQ: DOX) shares over potential securities laws violations by Amdocs Limited was announced and NASDAQ: DOX stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 02/07/2019 -- Amdocs Limited (NASDAQ: DOX) is under investigation concerning possible violations of securities laws by Amdocs Limited in connection with certain financial statements.
Investors who purchased shares of Amdocs Limited (NASDAQ: DOX), have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Amdocs Limited (NASDAQ: DOX) concerning whether a series of statements by Amdocs Limited regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Chesterfield, MO based Amdocs Limited, through its subsidiaries, provides software and services to the communications, pay TV, entertainment, and media industry service providers worldwide. On January 23, 2019, Spruce Point Capital Management issued a report alleging how Amdocs has "engineered superficial top and bottom-line growth" through "opaque M&A, aggressive percentage-of-completion accounting, software cost capitalization, and repeated one-off net tax benefits."
Shares of Amdocs Limited (NASDAQ: DOX) declined from $70.04 per share in June 2018 to as low as $52.60 per share on January 23, 2019.
Those who purchased shares of Amdocs Limited (NASDAQ: DOX) have certain options and should contact the Shareholders Foundation.
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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